These are my thoughts on HUT. They are meant to give you an idea, not trading advice.
This seems to be forming an inverses head & shoulders pattern. If this breaks to the upside we're in for some nice gains. Since HUT is a blockchain related stock, it's sensitive to the price of BTC. That's what makes me more bullish.
Please be careful, as the market never...
It looks like HUT's long term downtrend breakout is near.
The RSI already broke it's downwards trajectory.
A lot of alternative coins gained a lot of up movement recently as well as other crypto related stocks ( e.g. HIVE, RIOT ).
There's a possibility for some small downwards movement to the support line or more sidewards movement.
However considering all...
HUT.TO a cheap exposure to BTC in this favourable macro environment. Nice breakout chart that retraced to fill the gap, respecting Fib support at 1.19. Good chance of a bounce and re-test of $2, IMO
1)On the weekly we can see bullish momentum picking up for this ticker looking at the indicators layed out and we even have a macd cross over..
2)There is significant insider buying happening at 1.2 $ if you take a look at ceo.ca.
3) If you compare the left and "right" shoulder then we can see bullish divergence .
4) Value- This company mines bitcoin and as you...
Just randomly was checking out some charts found this massive spike ms in volume. I know nothing about this company. I’m guessing they mine crypto’s. I would like to see this pull back to .95 and consolidate and ride another volume spike.
Here's a 1 year chart comparing Bitcoin in the yellow, Hut 8 in the Red, Hive in the Green, ETH is the Blue Line & GLXY the Purple line, the 200 Day MA is the Black line.
It's possible this parabolic rise in Hive is correlation coming back between Ethereum & Hive, it would possibly explain the uptick even when ETH is red.
